Zacks Investment Research upgraded shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) from a hold rating to a buy rating in a report published on Tuesday, May 23rd. The brokerage currently has $75.00 target price on the restaurant operator’s stock.

According to Zacks, “Dave & Buster’s Entertainment Inc. is an owner and operator of venues in North America that combine dining and entertainment. The Company offers its customers the opportunity to Eat Drink Play and Watch in one location. Eat and Drink is offered through a full menu of Fun American New Gourmet entrees and appetizers and a selection of non-alcoholic and alcoholic beverages. The Company’s Play and Watch offerings provide an assortment of entertainment attractions centered on playing games and watching live sports and other televised events. Dave & Buster’s Entertainment Inc. is headquartered in Dallas, Texas. “

Several other analysts also recently weighed in on the stock. Jefferies Group LLC reaffirmed a buy rating and issued a $65.00 target price on shares of Dave & Buster’s Entertainment in a report on Thursday, May 18th. SunTrust Banks, Inc. set a $69.00 target price on shares of Dave & Buster’s Entertainment and gave the company a buy rating in a report on Thursday, April 13th. Canaccord Genuity reaffirmed a buy rating and issued a $67.00 target price on shares of Dave & Buster’s Entertainment in a report on Thursday, March 30th. BMO Capital Markets reiterated an outperform rating and issued a $64.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Wednesday, March 29th. Finally, Piper Jaffray Companies raised their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $68.00 and gave the company an overweight rating in a research note on Friday, March 24th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $73.78.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) traded up 0.72% during trading on Tuesday, reaching $68.35. The company had a trading volume of 701,047 shares. Dave & Buster’s Entertainment has a 1-year low of $37.60 and a 1-year high of $73.48. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 28.93 and a beta of 0.68. The company’s 50 day moving average is $67.14 and its 200-day moving average is $59.61.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.17. The business had revenue of $304.15 million for the quarter, compared to the consensus estimate of $299.77 million. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. The business’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.72 earnings per share. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post $2.61 earnings per share for the current year.

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In other news, CEO Stephen M. King sold 75,000 shares of the business’s stock in a transaction on Thursday, June 8th. The shares were sold at an average price of $71.69, for a total transaction of $5,376,750.00. Following the transaction, the chief executive officer now directly owns 37,501 shares of the company’s stock, valued at $2,688,446.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Joseph Benjamin Deprospero sold 1,000 shares of the business’s stock in a transaction on Monday, April 10th. The stock was sold at an average price of $59.82, for a total transaction of $59,820.00. Following the transaction, the vice president now directly owns 13,032 shares in the company, valued at $779,574.24. The disclosure for this sale can be found here. In the last three months, insiders sold 256,686 shares of company stock valued at $16,778,071. Company insiders own 5.60% of the company’s stock.

A number of hedge funds have recently bought and sold shares of PLAY. State of Alaska Department of Revenue boosted its stake in Dave & Buster’s Entertainment by 2.2% in the first quarter. State of Alaska Department of Revenue now owns 4,150 shares of the restaurant operator’s stock valued at $253,000 after buying an additional 90 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of Dave & Buster’s Entertainment by 1.2% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,550 shares of the restaurant operator’s stock worth $522,000 after buying an additional 100 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Dave & Buster’s Entertainment by 9.2% in the first quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after buying an additional 168 shares during the period. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 7.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,424 shares of the restaurant operator’s stock worth $137,000 after buying an additional 170 shares during the period. Finally, Arizona State Retirement System boosted its stake in shares of Dave & Buster’s Entertainment by 1.0% in the first quarter. Arizona State Retirement System now owns 19,500 shares of the restaurant operator’s stock worth $1,191,000 after buying an additional 200 shares during the period.

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